Anthony Sykes & Company

It has been a busy week. At the Tax Forum I learned that IRS will be hiring 4000 to 6000 new Revenue Agents, Office Auditors and Revenue Officers this year and another 2000 next year. They probably will look at small corporations, partnerships and Limited Liability Corporations. In the past, these entities did not get audited very often. I think the IRS will look at the tax basis the partners have in these entities. A simple definition of basis is how much money you have at risk. Also, I attended a session on Examination Audit Tools. In this session they covered what IRS maybe looking for in an audit. I attended a session on ethics. They covered different situations where a tax preparer can have their license suspended or revoked. I attended a session on S-corporations and learned more about how to do more tax planning with them. I spent some in the IRS e-services room an learned about the online newsletters and tax updates and creating a power of attorney online. Also I lear...

Payroll seminar on the 22nd... Wonder what's the lastest?

Phone Number: 800.921.0829 Fax: 562.864.8787 E-Mail: sykesaccounting@gmail.com Website: http://www.sykesaccounting.com/ I have been practicing various accounting and financial management functions for over thirty years. At the heart of what I do is a desire to help small business owners and individuals achieve more of the things they value in life - sooner - by effectively integrating tax management and accounting into what they do. My diverse background features general management, operational management and extensive tax management responsibilities. This enables me to provide my clients an extensive experience base to tap into, overcome barriers, and confidently achieve more of what they're looking for in life, sooner than it may have come to them otherwise. Looking at my business experience, I was the CFO for a non-profit medical clinic in Los Angeles. In terms of corporate experience, I have held accounting management positions with Johnson & Johnson and Wickes Companies. ...